CUET PG PYQs for Basics of Accounting with Solutions: Practice CUET PG Previous Year Questions

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Basics of Accounting is an important topic in the Accountancy section in CUET PG exam. Practising this topic will increase your score overall and make your conceptual grip on CUET PG exam stronger.

This article gives you a full set of CUET PG PYQs for Basics of Accounting with explanations for effective preparation. Practice of CUET PG Accountancy PYQs including Basics of Accounting questions regularly will improve accuracy, speed, and confidence in the CUET PG 2026 exam.

CUET PG PYQs for Basics of Accounting with Solutions

1.
Match List I with List II
List I List II
A. Buffer inventory I. Transportation time is involved in transferring the resources.
B. Anticipation Inventory II. Works as shock absorber in case of contingency.
C. Decoupling Inventory III. Held according to anticipation of future demand
D. Movement Inventory IV. Protection against the uncertainties of demand and supply
Choose the correct answer from the options given below:

A-IV, B-II, C-III, D-I
A-IV, B-III, C-II, D-I
A-I, B-III, C-II, D-IV
A-I, B-II, C-III, D-IV

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2.
Which among the following is not the element of prime cost?
- Direct Material
- Direct Labour
- Direct Expenses
- Overheads
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3.
Mr. Amit is a charted accountant in practice. His sister's husband holds equity shares in ABC limited. State whether Mr. Amit is qualified or disqualified to be an auditor of ABC limited as per which section of companies Act, 2013?
- Not Disqualified as per sec -140 (3)
- Disqualified as per sec-141(3)
- Not Disqualified as per sec-141 (3)
- Disqualified as per sec 140 (3)
View Solution
4.
The Gross Domestic Product (GDP) may be defined as :
- Market value of final goods and services produced in the economy plus income earned locally by the foreigners minus income earned aboard by the Nationals
- The value of all final Goods and services produced during specific period plus income earned abroad by the nationals minus incomes earned locally by the foreigners.
- Gross National product minus depreciation.
- Net domestic product plus depreciation.
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5.
Which element of auditing establishes the correspondence of actual facts or details with those represented in accounts?
- Vouching
- Valuation
- Internal Check
- Verification
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6.
Which one of the following is quantitative model of time series analysis for business forecasting.
- Sales force composite method
- Delphi method
- Expert opinion method
- Exponential smoothing method
View Solution
7.
It is defined as any paid form of non-personal presentation and promotion of ideas, goods or services by an identified sponsor. What is it?
- Sales Promotion
- Marketing
- Publicity
- Advertising
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8.
The Government appointed an Inter ministerial - Task force on Agricultural marketing reforms. The Recommendation of the committee (2002) are :
A. Exemption of Agricultural Income from taxation.
B. Introduction of priority Loan to be sanctioned to the farmers.
C. Promotion of direct marketing and contract farming.
D. Development of Agricultural markets in private and co-operative sectors.
E. Expansion of future trading to cover all agriculture markets.
Choose the correct answer from the options given below:
- A, B and C Only
- B, C and D Only
- C, D and E Only
- B, C and D Only
View Solution
9.
Under which system of Branch Accounting, branch account is opened for each branch separately in the books of the head office?
- Stock and Debtor system
- Debtor System
- Final Account System
- Wholesale Branch System
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10.
Match List I with List II
List I List II
A. Laplace Principle I. View point falls between extreme pessimism and extreme optimism.
B. Savage B. II. Principle II. Uncertain about events then treat them equally probable.
C. Hurwitz principle III. Choosing the best option from set of worst options.
D. Maximin principle IV. Selecting course of action that minimizes the maximum regret.
Choose the correct answer from the options given below:

A-I, B-II, C-III, D-IV
A-II, B-I, C-IV, D-III
A-II, B-IV, C-I, D-III
A-IV, B-III, C-II, D-I

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11.
The process of evaluating each market segment's attractiveness and selecting one or more segments to enter is known as-
- Market Differentiation
- Market Targeting
- Penetration
- Positioning
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12.
Which of the following in not a type of flow represented in a channel of distribution?
- Cost Flow
- Products Flow
- Cash Flows
- Marketing Information Flow
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13.
The LM curve is a locus of points showing equilibrium points of the money market at different levels of:
A. Interest
B. Supply of money
C. Income
D. Consumption
E. Demand for money
Choose the correct answer from the options given below:
- A, C and E Only
- A, B and C Only
- B, C and D Only
- A, B and E Only
View Solution
14.
Which of the following is not a tangible customer value ?
- Experience value
- Functional value
- Economic value
- Convenience value
View Solution
15.
_______is a function of the costumer's perception, his/her attitude towards it, and the economic value or price that the customer attaches to the brand:
- Brand Equity
- Brand Awareness
- Brand Value
- Brand Association
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List I		List II
A.	Buffer inventory	I.	Transportation time is involved in transferring the resources.
B.	Anticipation Inventory	II.	Works as shock absorber in case of contingency.
C.	Decoupling Inventory	III.	Held according to anticipation of future demand
D.	Movement Inventory	IV.	Protection against the uncertainties of demand and supply

List I		List II
A.	Laplace Principle	I.	View point falls between extreme pessimism and extreme optimism.
B.	Savage B. II. Principle	II.	Uncertain about events then treat them equally probable.
C.	Hurwitz principle	III.	Choosing the best option from set of worst options.
D.	Maximin principle	IV.	Selecting course of action that minimizes the maximum regret.

CUET PG PYQs for Basics of Accounting with Solutions

2.Which among the following is not the element of prime cost?

3.Mr. Amit is a charted accountant in practice. His sister's husband holds equity shares in ABC limited. State whether Mr. Amit is qualified or disqualified to be an auditor of ABC limited as per which section of companies Act, 2013?

4.The Gross Domestic Product (GDP) may be defined as :

5.Which element of auditing establishes the correspondence of actual facts or details with those represented in accounts?

6.Which one of the following is quantitative model of time series analysis for business forecasting.

7.It is defined as any paid form of non-personal presentation and promotion of ideas, goods or services by an identified sponsor. What is it?

9.Under which system of Branch Accounting, branch account is opened for each branch separately in the books of the head office?

11.The process of evaluating each market segment's attractiveness and selecting one or more segments to enter is known as-

12.Which of the following in not a type of flow represented in a channel of distribution?

13.The LM curve is a locus of points showing equilibrium points of the money market at different levels of: A. Interest B. Supply of money C. Income D. Consumption E. Demand for money Choose the correct answer from the options given below:

14.Which of the following is not a tangible customer value ?

15._______is a function of the costumer's perception, his/her attitude towards it, and the economic value or price that the customer attaches to the brand:

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2.
Which among the following is not the element of prime cost?

3.
Mr. Amit is a charted accountant in practice. His sister's husband holds equity shares in ABC limited. State whether Mr. Amit is qualified or disqualified to be an auditor of ABC limited as per which section of companies Act, 2013?

4.
The Gross Domestic Product (GDP) may be defined as :

5.
Which element of auditing establishes the correspondence of actual facts or details with those represented in accounts?

6.
Which one of the following is quantitative model of time series analysis for business forecasting.

7.
It is defined as any paid form of non-personal presentation and promotion of ideas, goods or services by an identified sponsor. What is it?

9.
Under which system of Branch Accounting, branch account is opened for each branch separately in the books of the head office?

11.
The process of evaluating each market segment's attractiveness and selecting one or more segments to enter is known as-

12.
Which of the following in not a type of flow represented in a channel of distribution?

13.
The LM curve is a locus of points showing equilibrium points of the money market at different levels of:
A. Interest
B. Supply of money
C. Income
D. Consumption
E. Demand for money
Choose the correct answer from the options given below:

14.
Which of the following is not a tangible customer value ?

15.
_______is a function of the costumer's perception, his/her attitude towards it, and the economic value or price that the customer attaches to the brand: